Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used. Elapsed time since purchase (years) Asset . Installed Cost Recovery Period $275,000.00 7 Round to the nearest dollar. The remaining book value is $ 7 years 10 years 3 years 9% Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year Recovery year 5 years 33% 20% 14% 10% 45% 2 32% 25% 18% 3 15% 19% 18% 14% 7% 12% 12% 12% 12% 9% 5% 99 8% 9% 7% 7 8 6% 9 10 11 100% 100% 100% 100% Totals These percentages have been founded to the nearest whole percent to simplity calculations while retaining realism to calculate the actual depreciation for tax purposes be sure to apply the actual unrounded percentages or directly apply double-declining balance 200%) depreciation using the half year convention ocoonWN L